Have Started A New Business - Advice Welcome

self ^ | Today | self

[Freedoms Worth It 2]

This is Freedom's Worth It - class of 98.

I am retiring and starting a business.

It is in the education field - but it is for profit.

All Advice and counsel are welcome.

Thanks in advance.

[Mashood]

1. Don’t undercapitalize
2. SCORE is your friend
3. Have fun.

[kevao]

Looking ahead to 2014:

1) Don’t hire more than 49 employees.

2) Stock up on 1099 forms. And I mean, LOTS of them.

[Excellence]

Sad but true.

[Sherman Logan]

Producing a business plan and finding funding are just two of the facilities that the SBA can provide.

Called SBA recently. Part of their job is supposed to be to help small businesses get business with the government.

All they wanted to know was if I'm a member of a minority group. If not, they made it pretty clear they're not interested in helping.

[Sherman Logan]

Marketing is, IMO, the most difficult and important aspect of business. If you know your field well, you can probably make a profit if you can just get the business.

Marketing, marketing, marketing. Which doesn’t necessarily mean advertising.

[Freedoms Worth It 2]

I won’t do the more than 49 employees any time soon - but why?

[Freedoms Worth It 2]

Thank you - yes been doing that first - thanks and more later back to ya!

[Freedoms Worth It 2]

Ty - posted this thread and been working all the rest of today.....so your advice well given and well taken.

[Freedoms Worth It 2]

Excellent advice - ty.

[Freedoms Worth It 2]

LOL well the day job goes bye bye soon.....as in retired bye bye....so that’s an ok way to quit the day job I suppose.

[Freedoms Worth It 2]

Am in process of doing just what you advise - thank you for the suggestion. It’s a good one.

[Freedoms Worth It 2]

Well - agree.

[Freedoms Worth It 2]

Mine is an LLC also. Gotcha - keeping every record of every penny spent so far - all mgo (money going out) so far.

[Freedoms Worth It 2]

Thank you. Educating children - prek to start. but for profit. Much bigger vision after that.

Already incorporated. Knew to do that much. Got wise counsel.

[Freedoms Worth It 2]

VERY GOOD ADVICE AND MUCH APPRECIATED - all of it - writing it down - sort of. (copy and paste of course).

[Freedoms Worth It 2]

no not mathnasium

[Freedoms Worth It 2]

This is a startup but I want to offer penny stock in my ventre. Is that an outrageous suggestion at this point?

[Freedoms Worth It 2]

LOL - because it’s so easily hacked on windows?

[Freedoms Worth It 2]

Wow - never thought of that advice so thank you very much. Now how to find someone like that nearby?

[Freedoms Worth It 2]

Actually it’s only been about nine months I think. Been trying to retire!!! It’s hard work when others don’t want you to do that!